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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(AMENDMENT NO. 4)
PANAMSAT CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE PER SHARE 697933-10-9
(Title of class of securities) (CUSIP number)
JOHN J. HIGGINS, ESQ.
CHIEF LEGAL OFFICER
HUGHES COMMUNICATIONS, INC.
200 N. SEPULVEDA BLVD.
EL SEGUNDO, CALIFORNIA 90245
(310) 662-9935
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(Name, address and telephone number of person authorized
to receive notices and communications)
OCTOBER 28, 2001
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box [_].
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CUSIP No. 697933-10-9 13D Page 2
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1 NAME OF REPORTING PERSON: General Motors Corporation
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 38-0572515
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 120,812,175
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 120,812,175
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.6%
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14 TYPE OF REPORTING PERSON: CO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 697933-10-9 13D Page 3
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1 NAME OF REPORTING PERSON: Hughes Communications, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): 95-3884435
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: California
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NUMBER OF 7 SOLE VOTING POWER: 120,812,175
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 120,812,175
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 120,812,175
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 80.6%
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14 TYPE OF REPORTING PERSON: CO
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SEE INSTRUCTIONS BEFORE FILLING OUT!
This Amendment No. 4 amends the statement jointly filed by
General Motors Corporation ("GM") and Hughes Communications, Inc. ("HCI", and
together with GM, the "Reporting Persons") with respect to the shares of common
stock, par value $.01 per share ("Common Stock"), of PanAmSat Corporation (the
"Company").
The responses to, Item 4 (Purpose of Transaction), Item 6
(Contracts, Arrangements, Understandings or Relationships with respect to
Securities of the Issuer) and item 7 (Material to be filed as Exhibits) are
hereby amended as follows:
Item 4. Purpose of Transaction.
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Hughes Electronics Corporation, a Delaware corporation and
wholly-owned subsidiary of GM ("HEC"), has entered into an Agreement and Plan of
Merger, dated as of October 28, 2001 (the "Merger Agreement"), with EchoStar
Communications Corporation, a Nevada corporation ("ECC"). In connection with the
Merger Agreement, HEC, GM and ECC have entered into various related agreements
which provide for the recapitalization and spin-off of HEC by GM (the "Related
Agreements"). If the conditions contained in the Related Agreements and the
Merger Agreement are satisfied or waived (these conditions include U.S.
antitrust and Federal Communications Commission ("FCC") approvals, obtaining
appropriate approvals of the stockholders of GM, obtaining a favorable ruling as
to certain tax matters from the Internal Revenue Service and obtaining requisite
financing), HEC will be spun off by GM and ECC will merge into HEC (or a newly
formed holding company), with HEC being the surviving public entity and changing
its name to EchoStar Communications Corporation.
In conjunction with entering into the Merger Agreement,
ECC, HEC, HCI, Hughes Communications Galaxy, Inc. ("HCGI") and Hughes
Communications Satellite Services, Inc. ("HCSSI") have entered into a Stock
Purchase Agreement, dated as of October 28, 2001 (the "Purchase Agreement"),
pursuant to which, in the event of termination of the Merger Agreement due to
the failure to obtain the necessary U.S. antitrust and FCC approvals or the
failure of ECC to provide the financing necessary to complete the transactions
contemplated by the Merger Agreement, ECC would become obligated to purchase and
HCI, HCGI and HCSSI would become obligated to sell the shares of Common Stock of
the Company owned by HEC and its subsidiaries (the "PAS Shares") for $22.47 per
share, payable in cash or combination of cash and Class A common stock of ECC.
In the event of such purchase of the PAS Shares by ECC, HEC and GM would cease
to own any beneficial interest in the PAS Shares. In addition, ECC has agreed
that following the purchase of the PAS Shares, unless it has independently
acquired all of the outstanding shares of the Company not owned by HEC or its
subsidiaries (the "Remaining Shares"), it will offer to purchase all of the
Remaining Shares at the same price of $22.47 per share as will have been paid to
HEC for the PAS Shares. The purchase price for the Remaining Shares would be
payable in cash, although ECC may offer stock of ECC as an alternative to cash
(at the election of the holders of the Remaining Shares).
The obligations to purchase the PAS Shares and any
Remaining Shares of the Company arise only upon the termination of the Merger
Agreement as a result of the failure of the conditions described in the
immediately preceding paragraph above. Upon the consummation of the merger of
ECC and HEC pursuant to the Merger Agreement, the obligations under the Purchase
Agreement terminate, and in that event GM would cease to own any beneficial
interest in the PAS Shares due to the spin-off of HEC from GM, and HEC (which
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would be renamed EchoStar Communications Corporation) would become the ultimate
beneficial owner of the PAS Shares through its ownership of HCI, HCGI and HCSSI.
The Merger Agreement and PAS Purchase Agreement are being
filed as exhibits hereto and are incorporated herein by reference.
Except as discussed above, none of the Reporting Persons
has any present plan or proposal which relates to, or could result in, any of
the events referred to in paragraphs (a) through (j), inclusive, of Item 4 of
Schedule 13D.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
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The information set forth in Item 4 hereto is incorporated
herein by reference.
Item 7. Materials to be Filed as Exhibits.
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Exhibit 1 Agreement and Plan of Merger, dated as of October 28, 2001, by
and between ECC and HEC (incorporated by reference to Exhibit
99.2 to GM's Current Report on Form 8-K, filed October 31,
2001).
Exhibit 2 Stock Purchase Agreement, dated as of October 28, 2001, among
ECC, HEC, HCGI, HCSSI and HCI (incorporated by reference to
Exhibit 99.5 to GM's Current Report on Form 8-K, filed October
31, 2001).
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SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true,
complete and correct.
GENERAL MOTORS CORPORATION
By: /s/ Warren G. Andersen
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Name: Warren G. Andersen
Title: Attorney and Assistant Secretary
HUGHES COMMUNICATIONS, INC.
By: /s/ Patrick T. Doyle
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Name: Patrick T. Doyle
Title: Senior Vice President
Date: October 31, 2001
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
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Exhibit 1 Agreement and Plan of Merger, dated as of October 28, 2001, by
and between ECC and HEC (incorporated by reference to Exhibit
99.2 to GM's Current Report on Form 8-K, filed October 31,
2001).
Exhibit 2 Stock Purchase Agreement, dated as of October 28, 2001, among
ECC, HEC, HCGI, HCSSI and HCI (incorporated by reference to
Exhibit 99.5 to GM's Current Report on Form 8-K, filed October
31, 2001).
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